Lemon Tree Hotels

STR reported China hotel RevPAR was up 48.2% year over year against very easy comps. When compared with this week in 2019, RevPAR was down -20.4%. Absolute occupancy in China last week was 59.1% versus 43.1% in the same week last year. Chengdu reported 1,000 Covid cases and the Southwestern city in China has pretty much been sealed off. About 70% of the flights have been suspended to and from the city. Hong Kong is targeting an end to hotel quarantine in November , ahead of a summit of global bankers and an international rugby competition.

China’s southern city of Shenzhen has three neighborhoods that are the latest to be locked down due to the spread of Covid. June data from the Australian Bureau of Stations reveals outbound travelers are growing at almost three times the rate of inbound as Australians continue to flock overseas . Macau’s hotel occupancy rate fell by -25.6 percentage points year on year on July to 38.1%. That was down a percentage point from June.

STR reported China hotel RevPAR for the week ended 8/20 was up 89.7% year over year, up against an easy -43.4%. Cambodia’s Ministry of Tourism said that while tourism is recovering, almost 50% of businesses in Cambodia’s main tourism hub of Siem Reap are still closed . In India, mid-sized hotel brands have embarked on aggressive plans and are signing up hotels at a record pace, encouraged by a major turnaround in performance across the country.

Macau’s tally of visitors reached 81,798 for the seven days from August 12 to August 18 inclusive, a daily average of about 11,685. According to the latest Construction Pipeline Trend Report from Lodging Econometrics , the total China hotel construction pipeline is at 3,693 projects/701,974 rooms. Hilton signed six new luxury hotels in Asia Pacific which will open over the next four years.